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Report summary

In our latest 'month in brief', we highlight the main Fiscal and Licensing stories that occurred in August and we provide our analysis and opinion on the developments. This issue highlights: Changes in fiscal terms: Brazil extends indirect tax breaks, Cambodia signs PSC with revised fiscal terms, Mexico relaxes PEMEX cost caps, Russia increases mineral extraction tax (MET). Ongoing fiscal discussions: Australian government wins tax dispute with Chevron, Brazil discusses decrease in royalties, Egypt looks to design a more attractive PSC for investors, Nigeria proposes additional revisions to the petroleum law. Licensing rounds: improved signature bonuses in Brazil and US, Egypt launches round with biddable service fee. Our Fiscal theme page is a dedicated landing point where you can access all our fiscal summaries, informs, insights, presentations and tools - subject to subscription. This can be accessed via the "Themes" menu at the top of every page on the Wood Mackenzie portal.

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